Raisinghope Inc

Analysis

Raisinghope Inc is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Raisinghope Inc reported income of $441k and spending of $439k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $280k to $441k (+57%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raisinghope Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include 18 and Beyond Special Services ($441k), Prairie Trail Federation Inc ($441k) and Fruits of Charity Incorporated ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $101k (23% of expenses). Other salaries and wages came to $89k. At year end it held assets of $85k against liabilities of $0, net assets of $85k. It reported 6 employees.